Tariffs, Equity, and Looking Ahead to Spring
The real estate market never sleeps, even in the depths of winter! As we bundle up against the snow and dream of spring gardens, I wanted to address some of your most pressing questions – especially about those tariff discussions making headlines. Let's dive into what this could mean for homeowners and buyers in our area, along with a peek at what's happening in our local market.
A lot has happened since we last touched base. I hope you are well, and surviving this snowy winter (I am starting to dream of spring).
I have been fielding a lot of questions in regards to what the tariff chatter would do to housing if implemented… so I want to start there.
First off, if you already own your home, it won’t hurt the equity you have. In fact, the average home equity value nation wide is $311,000 (as of January of 2025). This is nationally, so imagine what yours might be in the North East.
The tariffs being discussed that could impact housing: Canada, China, and Mexico. Think trees for framing, steel, and gypsum (the primary component in concrete). If you are wanting a new construction home, or planning big projects for the home you have, it might be a good idea to jump on in. I do expect to see prices go up if implemented, so why wait?
Our inventory is still very low, but I expect an active spring market! There seem to be a lot of people ready to move from their starter homes, which is a good sign for inventory. It is still a sellers market though, so if you are on the fence- now is the time.
It is the week of love, and I really truly adore each of you. You make our communities great.
The city gave you the career, the friends, and the restaurants. It gave you late dinners, spontaneous plans, and a neighborhood that has felt like home for years. Now you might be ready for something a little different. A little more room to breathe.
Deciding to sell your home is a big step. It’s not just a financial decision. It’s an emotional one too. Your home holds years of memories, from holiday gatherings to quiet Sunday mornings, and letting it go deserves care and the right guidance.
When you love a piece of land, you start to think about what happens to it long after it’s yours. The rolling meadow you walk every morning. The stand of old trees at the edge of the property. The stream that floods a little every spring. Those places don’t have to change hands and disappear. What happens to your land